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Norwegian trader Eidsbotn Kraft to “shut down” amid losses

Power

25 Oct 2021 09:14

Oslo

25 Oct 2021 09:14

(Montel) Norwegian power trading company Eidsbotn Kraft will cease operations by the end of the year after losing money on a hedge on the Nordic-German futures spread and facing hefty margin requirements, its founder and sole employee told Montel on Monday.

"We made a considerable loss on the spread between the Nordics and ...…

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